EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond

In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook for 2023 (see EIA Annual Outlook Predicts O&G, M-U Still Going Strong in 2050). We noted at the time that a chart showing the dominance of oil and gas energy over the next 30 years had disappeared from the report. Since that time, EIA has published a few "deep dive" posts on its Today in Energy website. Yesterday was another such post, this one showing charts for the production of "petroleum and other liquids." The charts show EIA's expectation that (yes) oil and its related products will still be going strong 30 years from now.

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